WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...» Read More
The sequester will cut about $45 billion from Pentagon programs. Despite this, Lockheed Martin saw heavy call option trading.
All Nippon Airways have canceled a further 1,714 international and domestic flights from March 31 to May 31, the Japanese airline said Monday, due to the grounding of the Boeing 787 Dreamliners. The cancellations will affect 41,600 passengers.
North Korea's latest belligerent talk isn't just cheap rhetoric: North Korea is preparing for a war because, in their eyes, the US may really be planning an offensive.
Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.
Engineers working at Boeing approved the planemaker's latest contract offer in a vote on Tuesday, likely paving the way for a full agreement as Boeing attempts to focus its resources on fixing battery problems on its 787 Dreamliner.
The union for Boeing's engineers and technical workers is counting ballots Tuesday on a contract offer and whether to authorize a strike. The union is recommending that members reject the offer because it would not provide pensions to new employees.
Airbus has started informing airlines that have ordered the new A350 that the new plane will have Nickel-Cadmium batteries, rather than lithium-ion batteries, the European plane maker told CNBC Thursday.
American Airlines and US Airways plan to merge in a deal that would create the world's largest carrier and caps years where the industry was marked by bankruptcy and consolidation.
Boeing denied misconduct by its managers afterb a union representing engineers and technical workers accused the planemaker's security staff of intimidating some members over labor contract votes.
Value investor Mario Gabelli says he expects small-cap stock GenCorp and mid-cap stock Legg Mason to double in value.
The U.S. National Transportation Safety Board is investigating whether tiny fiber-like formations inside lithium-ion batteries could have played a role in battery failures on two Boeing 787s.
After more than a year of courtship, US Airways is just days from finally merging with American Airlines, and some are wondering if this is the end of the line for the run-up in airline stocks.
Three weeks after the Federal Aviation Administration grounded Boeing 787 Dreamliners, the head of the NTSB said assumptions about the planes' lithium-ion batteries should be reconsidered.
The bulls are betting that Boeing gets cleared for takeoff.
Boeing is working on battery design changes that would minimize fire risks on its grounded 787 Dreamliner and could have the passenger jet flying again as soon as March, the Wall Street Journal reported on Wednesday.
Honeywell CEO agrees with preliminary across-the-board spending cuts in order to start diminishing debt, even if this means a slower economy.
CNBC's Rick Santelli talks with Bill Frezza, Huffington Post columnist, about why Republicans should back a plan to cut defense spending.
Almost three weeks since the FAA grounded the 787 Dreamliner, several U.S. cities are facing a frustrating wait for the plane to get back in the air. Due to the grounding, the financial impact of the delayed service could be substantial.
All Nippon AIrways on Wednesday canceled all remaining Boeing 787 flights until the end of February.
Japan's All Nippon Airways is in talks with U.S. aircraft maker Boeing to speed up the delivery of three 777 jetliners as its fleet of 787 Dreamliner airplanes remains grounded with undiagnosed battery problems, the Nikkei newspaper said on Sunday.
The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.